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hadip's profile
Hadi Partovi
Hadi Partovi
Hadi Partovi
Verified account
@hadip

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Hadi PartoviVerified account

@hadip

Founder #HourOfCode, CEO @Codeorg. Tech investor/advisor, Director at @Axon_us and @Convoyteam.

code.org
Joined March 2008

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    1. Darian Shirazi‏Verified account @darian314 Jul 3

      "I would do distributions immediately, book the win and move on" @chamath is 100% right about the prudent decision for GPs at IPO. Hanging on destroys relationships with LPs unnecessarily.

      6 replies 0 retweets 25 likes
    2. Hadi Partovi‏Verified account @hadip Jul 3
      Replying to @darian314 @chamath

      When Amazon bought Zappos, many LPs, including myself, pressured @Alfred_Lin and VFrogs to distribute $AMZN. At $100/share, Alfred insisted the stock would go up. By $125 he felt too much pressure. In retrospect I wish he had held on.

      1 reply 0 retweets 4 likes
    3. Darian Shirazi‏Verified account @darian314 Jul 3
      Replying to @hadip @chamath @Alfred_Lin

      Right but better that be your decision than the GP, right?

      1 reply 0 retweets 0 likes
      Hadi Partovi‏Verified account @hadip Jul 3
      Replying to @darian314 @chamath @Alfred_Lin

      Theoretically, yes. Practically, I (and every LP) would have been better off not.

      12:37 PM - 3 Jul 2021
      • 1 Like
      • Darian Shirazi
      1 reply 0 retweets 1 like
        1. New conversation
        1. Darian Shirazi‏Verified account @darian314 Jul 3
          Replying to @hadip @chamath @Alfred_Lin

          Yea it's true - but a win is a win! I think I have always sold too early in tech.

          1 reply 0 retweets 0 likes
        2. Hadi Partovi‏Verified account @hadip Jul 3
          Replying to @darian314 @chamath @Alfred_Lin

          I used to say the same, until I missed out on 90% of $FB’s growth from selling after the IPO.

          1 reply 0 retweets 2 likes
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